Armenia vs Iceland - Cost of Living Comparison

Updated:

Livingcost

Armenia Iceland
🚶 Cost of living one person
$1070
$3200
👨‍👩‍👧‍👦 Cost of living Family
$2543
$6660
🏠 One person rent
$546
$1957
🏘️ Family rent
$924
$2883
🍽️ Food expenses
$356
$907
🚐 Transport expenses
$47.6
$97.3
💳 Monthly salary after tax
$557
$4630
💸 GDP per capita
$8556
$86041
😃 Human freedom index
7.73
8.76
❤️ Life expectancy
77.5
82.6
👮 Corruption perceptions index
46
77
🌐 English speaking %
8%
98%
🎓 Higher education
50
81
😀 Quality of life
58
94
🏙️ Population
3.03M
387K

The average cost of living in Armenia ($1070) is 67% less expensive than in Iceland ($3200). Armenia ranked 87th vs 4th for Iceland in the list of the most expensive countries in the world.

The average after-tax salary is enough to cover living expenses for 0.5 months in Armenia compared to 1.4 months in Iceland. Ranked 73rd and 11th best countries to live in the world.

Salary adjustment calculator
the estimated difference in money purchasing power

Share this infographic!

Prices in Armenia vs Iceland

We calculate prices for Armenia and Iceland as a population-weighted mean of 10 and 5 cities, respectively. Since large cities tend to have a higher cost of living, it's better to visit specific city pages below for more relevant information.

Armenia Iceland
Eating Out
🍱 Lunch Menu
$10.6
$27.8
🥂 Dinner in a Restaurant, for 2
$50.6
$103
🥪 Fast food meal, equiv. McDonald's
$8.22
$20.3
🍻 Beer in a Pub, 0.5 L or 16 fl oz
$2.05
$11.6
 Cappuccino
$3.27
$5.87
🥤 Pepsi / Coke, 0.5 L or 16.9 fl oz
$0.97
$3.21
Rent & Utilities
🏙️ 1 bedroom apartment in Downtown, 40 m2 or 430 ft2
$593
$2048
🏡 Cheap 1 bedroom apartment, 40 m2 or 430 ft2
$418
$1758
🏙️ 3 bedroom apartment in Downtown, 80 m2 or 860 ft2
$1165
$3226
🏡 Cheap 3 bedroom apartment, 80 m2 or 860 ft2
$719
$2583
🔌 Utility Bill one person, electricity, heating, water, etc.
$73.3
$55
🔌 Utility Bill for a Family, electricity, heating, water, etc.
$113
$84.8
🌐 Internet plan, 50 Mbps+ 1 month unlimited
$19.7
$87.6
🏦 Mortgage Interest Rate for 20 Years
14.98%
8.83%
🏙️ Apartment price to Buy in city Center, 1 m2 or 10 ft2
$2857
$7289
🏡 House price to Buy in Suburbs, 1 m2 or 10 ft2
$1386
$6333
Transportation
🚌 Local transport ticket
$0.38
$5.04
🎟️ Monthly ticket local transport
$24.5
$83
🚕 Taxi Ride, 8 km or 5 mi
$4.27
$29
 Gas / Petrol, 1 L or 0.26 gal
$1.36
$2.51
Groceries
🥛 Milk, 1 L or 1 qt
$1.6
$2
🍞 Bread, 0.5 kg or 1.1 lb
$0.82
$4.25
🍚 Rice, 1 kg or 2.2 lb
$2.17
$3.42
🥚 Eggs, x12
$2.37
$6.9
🧀 Cheese, 1 kg or 2.2 lb
$7.6
$19.6
🐔 Chicken Breast, 1 kg or 2.2 lb
$7.42
$25.7
🥩 Round Steak, 1 kg or 2.2 lb
$12.1
$44.8
🍏 Apples, 1 kg or 2.2 lb
$1.25
$3.4
🍌 Banana, 1 kg or 2.2 lb
$1.69
$2.65
🍊 Oranges, 1 kg or 2.2 lb
$1.78
$3.28
🍅 Tomato, 1 kg or 2.2 lb
$2.31
$5.58
🥔 Potato, 1 kg or 2.2 lb
$0.73
$3.46
🧅 Onion, 1 kg or 2.2 lb
$0.73
$2.09
🌊 Water, 1 L or 1 qt
$0.47
$1.26
🍹 Coca-Cola / Pepsi, 2 L or 67.6 fl oz
$2.13
$3.02
🍾 Wine (mid-priced), 750 mL bottle
$10.1
$23.3
🍺 Beer, 0.5 L or 16 fl oz
$1.36
$3.95
🚬 Cigarette pack
$2.6
$14
💊 Cold medicince, 1 week
$6.32
$12.7
🧴 Hair Shampoo
$3.78
$5.91
🧻 Toilet paper, 4 rolls
$2.43
$5.24
👄 Toothpaste, 1 tube
$3.47
$3.64
Other
🏋️ Gym Membership, 1 month
$78.5
$88.2
🎫 Cinema Ticket, 1 person
$6.17
$17.9
👩‍⚕️ Doctor's visit
$29
$93.5
💇 Haircut, simple
$8.74
$46.2
👖 Brand Jeans
$98
$139
👟 Brand Sneakers
$133
$169
👶 Daycare or Preschool, 1 month
$370
$406
🏫 International Primary School, 1 year
$8233
$30488

Cost of living in other countries

Cost of living

Cities Comparison in Armenia vs Iceland

More countries to compare

Cost of Living in Popular cities

In Armenia

City Cost of living Population
Yerevan
$1148
1.11M
Gyumri
$746
122K
Vanadzor
$728
90.5K
Abovyan
$1057
44.4K
Kapan
$953
43.2K
Armavir
$981
38.6K
Masis
$1046
21.4K
Ashtarak
$1033
21.6K
Goris
$959
17.1K
Spitak
$853
15K

In Iceland

City Cost of living Population
Reykjavik
$3322
139K
Kopavogur
$3219
40K
Hafnarfjorur
$3212
31.5K
Akureyri
$2974
20.1K
Keflavik
$2621
23.3K